{"id":16351,"date":"2016-03-03T09:44:13","date_gmt":"2016-03-03T04:14:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=16351"},"modified":"2016-03-03T10:45:34","modified_gmt":"2016-03-03T05:15:34","slug":"thursday-3rd-march-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/thursday-3rd-march-european-open-briefing\/","title":{"rendered":"Thursday 3rd March: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.85 %, Shanghai Composite gained 0.25 %, Hang Seng fell 0.45 %, ASX 200 rose 1.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1240 (-0.15 %), Silver at $14.95 (+1.40 %), WTI Oil at $34.77 (+0.30 %), Brent Oil at $36.95 (+0.10 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.86, UK 10 year yield at 1.47, German 10 year yield at 0.21\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tCaixin China Services PMI (Feb): 51.2 (prev 52.4)\n\t<\/li>\n<li>\n\t\tCaixin China Composite PMI (Feb): 49.4 (prev 50.1)\n\t<\/li>\n<li>\n\t\tJapan Services PMI (Feb): 51.2 (prev 52.4)\n\t<\/li>\n<li>\n\t\tJapan Composite PMI (Feb): 51.0 (prev 52.6)\n\t<\/li>\n<li>\n\t\tHong Kong Nikkei PMI (Feb): 46.4 (prev 46.1)\n\t<\/li>\n<li>\n\t\tAustralia Trade Balance (Jan): AUD -2937 Mln (exp AUD -3200 Mln prev AUD -3535 Mln)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Price (MoM) Feb: 0.4% (prev -2.3%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (MoM) Feb: 0.5% (exp 0.1% prev 0.0%)\n\t<\/li>\n<li>\n\t\tSouth Korea CPI (YoY) Feb: 1.3% (exp 0.9% prev 0.8%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes Yuan At 6.5412 (prev 6.5490)\n\t<\/li>\n<li>\n\t\tJapanese PM Abe: Have Seen JPY Demand On Back Of Risk Aversion &#8212; BBG\n\t<\/li>\n<li>\n\t\tJapanese Government Official: No Talk On JPY At G20 &#8212; RTRS\n\t<\/li>\n<li>\n\t\tAsia shares scale 7-week peak, commodities on the mend &#8211; RTRS\n\t<\/li>\n<li>\n\t\tWall St. rises late, led by energy and bank shares &ndash; RTRS\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tUSD\/JPY bounced off the 113.20 level ahead of yesterday&#39;s NY close and caught a bid in Asia as equity markets opened higher. The pair rallied to a high of 114.14 and resistance is now seen at 114.60 and 115.00. Further consolidation seems likely ahead of tomorrow&#39;s NFP release.\n<\/p>\n<p>\n\tEUR\/USD found some support at 1.0825 yesterday and reached a high of 1.0875 in Asia, but continues to trade with an offered tone. Support is seen at 1.08 and a break below would pave the way for a 1.06 test.\n<\/p>\n<p>\n\tGBP\/USD recovered somewhat in the past few trading days and it hit a high of 1.4092 overnight. However, on-going fears about a potential Brexit is likely to keep the Pound under pressure. Expect decent resistance at 1.4150, followed by 1.4225.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 GMT &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 GMT &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 GMT &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 GMT &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 GMT &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Factory Orders\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.85 %, Shanghai Composite gained 0.25 %, Hang Seng fell 0.45 %, ASX 200 rose 1.10 % Commodities: Gold at $1240 (-0.15 %), Silver at $14.95 (+1.40 %), WTI Oil at $34.77 (+0.30 %), Brent Oil at $36.95 (+0.10 %) Rates: US 10 year yield at 1.86, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/thursday-3rd-march-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 3rd March: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=16351"}],"version-history":[{"count":2,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16351\/revisions"}],"predecessor-version":[{"id":16353,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/16351\/revisions\/16353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=16351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=16351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=16351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}